Guosheng Securities' research report states that Steel pipe enterprises continuously benefit from the increase in coal-fired installed capacity and the optimistic expectations in the Oil & Gas industry. According to Wind data, from January to October 2024, the completed investment in domestic thermal power amounts to 100.8 billion yuan, a year-on-year increase of 28.2%, while the completed investment in Nuclear Power reaches 99.7 billion yuan, a year-on-year increase of 48.8%. In the current context of Energy being self-controlled and accelerating the planning and construction of a new Energy system, symbols related to the construction of coal-fired and Nuclear Power units are expected to benefit significantly; additionally, symbols related to oil & gas extraction and transportation pipelines are expected to benefit from the Oil & Gas industry's economic cycle.